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This mechanism allows the dollar–dong exchange rate to adjust gradually to changing market conditions. [36] This was set at 3 percent either side of a fixed rate set each day by the SBV, however, it was increased to 5 percent in October of 2022. [91] As of December 27, 2024, a US dollar is worth 25,448 Vietnamese đồng.
However, it is increasingly being recognized that tax havens, or corporate tax havens, have distorted economic data which produces artificially high, or inflated, GDP-per-capita figures. [15] It is estimated that over 15% of global jurisdictions are tax havens (see tax haven lists ). [ 16 ]
The long-term potential growth rate of South Africa under the current policy environment has been estimated at 3.5%. [50] Per capita GDP growth has proved mediocre, though improving, growing by 1.6% a year from 1994 to 2009, and by 2.2% over the 2000–09 decade, [51] compared to world growth of 3.1% over the same period.
The Vietnamese grading system is an academic grading system utilized in Vietnam.It is based on a 0 to 10-point scale, similar to the US 1.0-4.0 scale.. Typically when an American educational institution requests a grade-point average calculated on the 4 point scale, the student will be expected to do a direct mathematical conversion, so 10 becomes 4.0, 7.5 becomes 3.0, etc.
It increased the enrollment rate (the rate of children attending school) from 86% in 1993 to 95% in 2002. [13] From 2013 to 2017, the Vietnam School Readiness Promotion Project was launched to "raise school readiness" for 5-year-old children. [28] The project raised the enrollment rate of preschool children from 73.7% in 2012 to 87.6% in 2017. [29]
Vietnam's year-on-year inflation rate reached 11.8% in December 2010 and the currency, the Vietnamese đồng, was devalued three times. [ 297 ] [ 298 ] Deep poverty , defined as the percentage of the population living on less than $1 per day, has declined significantly in Vietnam and the relative poverty rate is now less than that of China ...
The Treasury depended heavily on American money, especially the 1946 loan of $3.75 billion at a low 2% interest rate. [49] Even more helpful was the gift of $2.694 billion in Marshall Plan funds in 1948-1951.
The Vietnamese government recognizes 54 ethnic groups, of which the Viet (Kinh) is the largest; according to official Vietnamese figures (2019 census), ethnic Vietnamese account for 85.3% of the nation's population and the non-Vietnamese ethnic groups account for the remaining portion. The ethnic Vietnamese inhabit a little less than half of ...